515 N 11th Ave
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515 N 11th Ave
5,880 SF Retail Building Hanford, CA 93230 $2,762,743 CAD ($470 CAD/SF) 5.25% Cap Rate
Executive Summary
Approximately 13 years remaining with an excellent tenant. Whether purchasing the American Tire Depot (“ATD”) portfolio in its entirety or a smaller cluster of retail outlets, this is a rare opportunity to own long term NNN investment properties in excellent trade areas.
Occupied by Big Brand Tire & Service and American Tire Depot as an exceptional tenant for over 15 years, the company was founded in 1969 and has become a leading automotive service provider in California. Headquartered in Moorpark, California, Big Brand Tire & Service is now the 8th largest independent tire and service operator in the United States, with over 160 service centers in growing markets. After a series of recent acquisitions, including American Tire Depot, Tire World, Purcell Tire & Service Retail Centers, Integrity Tire, C&R Tire, S&S Tire & Auto Service, 55 Inc., Brian’s Tire and Auto, and Community Tire Pros, Big Brand is looking accelerate its growth even more, continuing to add new locations, enhance customer service and culture for its team members, and invest in scalable digital infrastructure.
Occupied by Big Brand Tire & Service and American Tire Depot as an exceptional tenant for over 15 years, the company was founded in 1969 and has become a leading automotive service provider in California. Headquartered in Moorpark, California, Big Brand Tire & Service is now the 8th largest independent tire and service operator in the United States, with over 160 service centers in growing markets. After a series of recent acquisitions, including American Tire Depot, Tire World, Purcell Tire & Service Retail Centers, Integrity Tire, C&R Tire, S&S Tire & Auto Service, 55 Inc., Brian’s Tire and Auto, and Community Tire Pros, Big Brand is looking accelerate its growth even more, continuing to add new locations, enhance customer service and culture for its team members, and invest in scalable digital infrastructure.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,880 SF
Building Class
C
Year Built
2000
Price
$2,762,743 CAD
Price Per SF
$470 CAD
Cap Rate
5.25%
NOI
$145,044 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.48 AC
Zoning
MXC
Parking
20 Spaces (3.4 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 010-510-006-000 | Improvements Assessment | $1,113,194 CAD |
| Land Assessment | $807,504 CAD | Total Assessment | $1,920,698 CAD |
PROPERTY TAXES
Parcel Number
010-510-006-000
Land Assessment
$807,504 CAD
Improvements Assessment
$1,113,194 CAD
Total Assessment
$1,920,698 CAD
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515 N 11th Ave
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